PwC
Hong Kong increases bank capital levels on credit expansion fears
HKMA is first Asian regulator to implement Basel III counter-cyclical capital buffer
Australian bank capital in top quartile - ABA
ABA calls for better ways to compare bank capital between countries
New York regulator hits Bank of Tokyo with $315m fine
Further penalty imposed for watered-down report
Fatca compliance at risk via third parties, expert warns
Questions on compliance within third parties need to be more focused
Icap announces group chief risk officer, and other recent job news
Wendy Phillis joins from State Street Global Markets
Basel III likely to create further consolidation in Kazakh banking sector
The Kazakhstan central bank's intention to begin implementing Basel III from 2015 is likely to speed up the banking sector's current consolidation phase
Consulting Firm of the Year – PwC
Asia Risk awards 2013 winner: PwC – Consulting Firm of the Year
Fatca risks internal wranglings in FFIs
The Fatca tension
Still no end in sight for US banks' parallel run
Overtaken by events
Asia slow to sign up to IGAs for Fatca implementation
US makes slow progress in signing up Asian states for Fatca IGAs
Russell Investments creates global director of responsible investment
Russell Investments with $173 billion AUM has named a director of responsible investment to oversee global promotion of sustainable work practices. KB Associates names new senior consultant
Volume of AML fines set to rise, expert warns
Smaller institutions face greater AML scrutiny, expert says
France and Germany seeking greater Fatca reciprocity before signing IGAs, expert says
Questions remain about why France and Germany are yet to sign their IGAs with the US
EU financial transaction tax may drive Asian banks away from European business
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact on Asia
Singapore to implement Fatca after agreeing IGA
Singapore agrees to sign up to Model 1 intergovernmental agreement to implement Fatca
Drop in Hong Kong Prada share volume highlights dangers of transaction taxes
Daily turnover in Prada shares listed on Hong Kong Exchange has dropped by over 30% since introduction of Italian financial transaction tax two months ago
Solvency II set for inconsistent soft launch, lawyers warn
Absence of legal powers to enact guidelines in some jurisdictions threatens Eiopa’s objectives
Insurers eye longevity risk trades with Canadian and Dutch pension schemes
Influx of new swap intermediaries and improved risk modelling to spur expansion
Bridging the gap: Solvency II phase-in troubles insurers
Proposed interim measures hope to bring some regulatory consistency across Europe in the period prior to Solvency II’s eventual implementation, but supervisors are still seeking their own solutions, while insurers warn that any interim measures must not…
Chilean insurers grapple with risk-based capital assessment
New framework will challenge domestic insurers, experts warn
Little incentive for China to implement Fatca
The US is pushing to sign up as many countries as possible to an IGA, but for China signing an IGA appears less appealing
Solvency II transitional measures come under fire
Concerns about costs and suitability of phase-in of capital charges
Solvency II capital tests not part of augmented Icas regime, FSA confirms
Insurers welcome Icas+, although uncertainty remains over future requirements
Long-term guarantees test specifications to be published on test launch day
Fears that delay in releasing specifications will lead to inaccurate results